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NOPEC....Would Shake Up Global Oil Industry


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What are the thoughts on this plan that would remove the sovereign immunity of the OPEC Countries and possibly causing the oil prices to plummet thereby hindering US Exploration...interesting read.

 

https://www.politico.com/story/2019/04/22/trump-oil-prices-opec-legislation-1273467?cid=apn

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I don’t see trump abandoning the saudis. He’s defended everything they’ve done including dismembering a journalist and fire bombing schools with little kids. 

Edited by spin_dry
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to free up producers to produce what they want and how much they want with out other counterys telling them what they can pump and sell great .

but to be used as a political weapon for shit having zero to do with oil production not good . and that is exactly why many in washingtion will support it 

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1 minute ago, spin_dry said:

I don’t see trump abandoning the saudis. He’s defended everything they’ve done including dismembering a journalist and fire bombing schools with little kids. 

see this one would be behind it for the political punishment aspect . shocker 

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9 minutes ago, spin_dry said:

The truth about America sucks. 

what truth that you feel the need to punish oil producers because some guy you got a 1/2 story about was killed or  . yeah that part is  fucked up .

yet in your next thread you will have a drippy cunt about the US sticking it nose in other counterys disputes .

but I nor many here would expect nothing less 

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15 minutes ago, Ez ryder said:

to free up producers to produce what they want and how much they want with out other counterys telling them what they can pump and sell great .

but to be used as a political weapon for shit having zero to do with oil production not good . and that is exactly why many in washingtion will support it 

But just today he told a group countries who they can and can't buy oil from and is punishing  two producers as a political weapon. 

Edited by Jimmy Snacks
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2 minutes ago, Jimmy Snacks said:

But just today he told a group countries who they can mad can't buy oil from. 

and again I don't agree with that .

imho we stop buying all non north American oil and stop exporting all gas and oil . 

we already produce more than Saudi 

Edited by Ez ryder
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23 minutes ago, Ez ryder said:

what truth that you feel the need to punish oil producers because some guy you got a 1/2 story about was killed or  . yeah that part is  fucked up .

yet in your next thread you will have a drippy cunt about the US sticking it nose in other counterys disputes .

but I nor many here would expect nothing less 

You assume a lot. I’m impressed by that. 

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8 hours ago, Jimmy Snacks said:

But just today he told a group countries who they can and can't buy oil from and is punishing  two producers as a political weapon. 

They are free to buy from whomever they want.

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10 hours ago, spin_dry said:

I don’t see trump abandoning the saudis. He’s defended everything they’ve done including dismembering a journalist and fire bombing schools with little kids. 

Trump has taken that Saudi dick deep. He would never turn on them. 

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1 hour ago, Snake said:

They are free to buy from whomever they want.

Free as seen in Merriam-Websters:

enjoying political independence or freedom from outside domination

having no trade restrictions

having a scope not restricted by qualification

https://www.merriam-webster.com/dictionary/free

 

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11 hours ago, Jimmy Snacks said:

What are the thoughts on this plan that would remove the sovereign immunity of the OPEC Countries and possibly causing the oil prices to plummet thereby hindering US Exploration...interesting read.

 

https://www.politico.com/story/2019/04/22/trump-oil-prices-opec-legislation-1273467?cid=apn

Oil is a tough one for sure.   No easy answer.   The more policy is done to keep consumer prices in check it hinders exploration, expansion and profitability in our own oil industry.

In the end I'd rather see prices lean on the low side for consumers but not so low as to not allow domestic production to thrive.  

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1 hour ago, Mileage Psycho said:

Free as seen in Merriam-Websters:

enjoying political independence or freedom from outside domination

having no trade restrictions

having a scope not restricted by qualification

https://www.merriam-webster.com/dictionary/free

 

They aren't Americans.. they can do as they want.

Facing the consequences is also what they can do.

No one is stopping them.

1 hour ago, Jimmy Snacks said:

Once again Little MoeMoe exhibits his lack of smarts.

Once again, Smales follows his idols around with 'plus 1s' and obedient agreement.

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26 minutes ago, Highmark said:

Oil is a tough one for sure.   No easy answer.   The more policy is done to keep consumer prices in check it hinders exploration, expansion and profitability in our own oil industry.

In the end I'd rather see prices lean on the low side for consumers but not so low as to not allow domestic production to thrive.  

So you are for corporate socialism but not for socialism that benefits consumers? That is surprising coming from you.. NOT. :lol:

 

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1 hour ago, Anler said:

So you are for corporate socialism but not for socialism that benefits consumers? That is surprising coming from you.. NOT. :lol:

 

Typical you not understanding my point.   Did you miss the part where I said policy that leans toward the consumer?  That said there is nothing wrong with also a certain amount of protection for our oil producing companies as well when it comes to foreign policy.  

Overall I would like the markets to decide but since oil is a worldwide market our production alone does not control prices.   In the end I'd like the market to shake out the winners and losers and not the govt.   No different than in Ag.   There is nothing wrong with having policies with foreign govts to keep markets as free from price fixing or collusion as possible.     

Edited by Highmark
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